Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Asahi Yukizai's annualized net income for the quarter that ended in Dec. 2023 was 円10,816 Mil. Asahi Yukizai's average shareholder tangible equity for the quarter that ended in Dec. 2023 was 円65,330 Mil. Therefore, Asahi Yukizai's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 16.56%.
The historical rank and industry rank for Asahi Yukizai's Return-on-Tangible-Equity or its related term are showing as below:
TSE:4216'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.48 Med: 7.35 Max: 17.99
Current: 17.92
During the past 13 years, Asahi Yukizai's highest Return-on-Tangible-Equity was 17.99%. The lowest was 2.48%. And the median was 7.35%.
TSE:4216's Return-on-Tangible-Equity is ranked better than 73.76% of 1597
companies
in the Construction industry
Industry Median: 7.9
vs TSE:4216: 17.92
Asahi Yukizai Return-on-Tangible-Equity Historical Data
The historical data trend for Asahi Yukizai's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Asahi Yukizai's Return-on-Tangible-Equity
For the Building Products & Equipment subindustry, Asahi Yukizai's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Asahi Yukizai's Return-on-Tangible-Equity Distribution in the Construction Industry
For the Construction industry and Industrials sector, Asahi Yukizai's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Asahi Yukizai's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Asahi Yukizai Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Asahi Yukizai's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Asahi Yukizai Corp engages in the manufacture and sale of industrial resins and piping materials. The firm offers synthetic resin piping material for valves, pipes, fittings, and other locations, as well as the Dymatrix high-performance synthetic resin piping material for LCD- and semiconductor-related systems; and foundry materials and functional resins for casting, molding materials, high functional materials, and others. It also engages in the development and supply of water and thermal resources, including well drilling and geothermal exploitation, and hot spring exploitation; design and construction of water utility facilities and reuse of wastewater; industrial water and wastewater treatment; and provision of public sewage facilities.
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